According to the 2007 Census of Agriculture, the vast majority of farms in this country (87%) are owned and operated by individuals or families. The next largest category of ownership is partnerships (8%). The "Corporate" farms account for only 4% of U.S. farms and 1 percent are owned by other-cooperative, estates or trusts etc. However, the term "family farm" does not necessarily equate with "small farm"; nor does a "corporate farm" necessarily mean a large-scale operation owned and operated by a multi-national corporation. Many of the country's largest agricultural enterprises are family owned. Likewise, many farm families have formed modest-sized corporations to take advantage of legal and accounting benefits of that type of business enterprise.